Global Economy Bursting?

[Randolph Kinney]

Obama Won't Call Congress Back Into Session

http://www.businessinsider.com/obama-wont-call-congress-back-into-session-2011-8

 

[Couch Potato]

Riiiiiight! So when are you going to share those billions?

Huh? I guess you have a reading problem. I did quite well investing about 10% of my money in a similar investment, but 10% of my money is no where near a billion as I stated. If it was i would have not hesitated to invest it that way. The idea that inside information was need to make such an investment is ridiculous.

Tomorrow I plan to put that money in a few choice stocks. Nothing like some nice panic to make good buying opportunities.

 

[Couch Potato]

It's the Tea Party's fault.

 

[Couch Potato]

Obama Won't Call Congress Back Into Session

http://www.businessinsider.com/obama-wont-call-congress-back-into-session-2011-8

Good, because it would have been very embarrassing when they ignored him. :new_all_coholic:

 

[Randolph Kinney]

Long/Short Equity Hedge Fund Managers Getting Destroyed

http://www.businessinsider.com/long-short-equity-hedge-fund-managers-destroyed-2011-8

 

[Randolph Kinney]

A Quick Theory About That Disastrous Obama Speech

Read more: http://www.businessinsider.com/does-obama-fear-the-debt-markets-2011-8#ixzz1UU4xQgBP

The verdict is in: That Obama speech (to which he arrived 53 minutes late) was a disaster, that totally failed to reassure anyone that the economy isn't imploding all over again.

 

[Randolph Kinney]

Serious People Are Starting To Realize That We May Be Looking At World War III

Read more: http://www.businessinsider.com/seri...looking-at-world-war-iii-2011-8#ixzz1UU5s7100

Noting liberal despair over the government's inability to combat economic depression, and conservative skepticism that traditional tools will be effective, John Judis of The New Republic argues that a global depression far longer and more severe than anyone expected now seems nearly impossible to avoid. Judis believes that the coming "depression" will be accompanied by geopolitical upheaval and institutional collapse.

 

[Randolph Kinney]

S&P Begins Downgrading Municipalities

http://www.businessinsider.com/sp-downgrades--municipalities-2011-8

 

[Randolph Kinney]

A National Debt Of $14 Trillion? Try $211 Trillion

http://www.npr.org/2011/08/06/139027615/a-national-debt-of-14-trillion-try-211-trillion?ft=1&f=1001

"We have all these unofficial debts that are massive compared to the official debt," Kotlikoff tells David Greene. "If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That's the fiscal gap," he says. "That's our true indebtedness." We don't hear more about this enormous number, Kotlikoff says, because politicians have chosen their language carefully to keep most of the problem off the books.

 

[Randolph Kinney]

No Chance of Default, US Can Print Money: Greenspan

http://www.cnbc.com/id/44051683

"The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default" said Greenspan on NBC's Meet the Press. -- I hope everyone at home is comforted!